Marketed by
Omeeto
Derby
19 St Christopher's Way, Derby DE24 8JY, UK
Available
1 of 10
Guide Price
£975,000
21-23 Friar Gate, Derby, Derbyshire, DE1 1BX
8238 sq. ft (765.33 m²)
Key features
- Gross Income- £116,560 11% Gross Yield
- Commercial let to O'Dwyers until 2039
- FRI lease @ £47,500 pax, £55,000 from 2029 + CPI
- 7 Residential units let @ £69,060 pa Gross
- 2x 1 Bed Apartments + 4x Studios.+ 1x 4 Bed HMO
- Tenants unaffected
Description
Highly prominent mixed use investment. Popular Irish Pub with live music tenanted to 2038 with fixed increase to £55,000 p.a. in 2029 and a further Index Linked review in 2034. + 7 residential Lets fully refurbished in 2021. Comprising 2x apartments, 4x studios & a 4-bed HMO.
O'DWYERS Venue - a hugely successful Irish pub, Sports Bar and Live Music venue with live music all weekend and a very strong and loyal following - search O'Dwyers Bar for a flavour of what's been on and what's coming up soon.
RESIDENTIAL - The residential accommodation offers affordable all inclusive accommodation opposite the Derby University's Business School and Law School which appeals to students but which also appeals to those working in and around the City.
Furthermore with Valliant Live close by we would suggest the residential accommodation would be ideal for AirBnB type short term lets to drive the yield. There are two entrances to the residential; one off Ford Street to 5 Flats, and one off Friar Gate to 2 Flats, limiting common areas for reduced maintenance costs.
O'DWYERS Venue - a hugely successful Irish pub, Sports Bar and Live Music venue with live music all weekend and a very strong and loyal following - search O'Dwyers Bar for a flavour of what's been on and what's coming up soon.
RESIDENTIAL - The residential accommodation offers affordable all inclusive accommodation opposite the Derby University's Business School and Law School which appeals to students but which also appeals to those working in and around the City.
Furthermore with Valliant Live close by we would suggest the residential accommodation would be ideal for AirBnB type short term lets to drive the yield. There are two entrances to the residential; one off Ford Street to 5 Flats, and one off Friar Gate to 2 Flats, limiting common areas for reduced maintenance costs.
Reference: 647_sales
Download Sales Details
Marketed by
Omeeto
Derby
19 St Christopher's Way, Derby DE24 8JY, UK
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